Road to serfdom
during the Great Depression, or Global Downturn I, the Stock Markets did not fall dramatically every day. There was no index to measure the stocks against. As for the Dow Jones it has to be the most ridiculous index ever invented, and only 30 stocks, unbelievable.
We should not look at stock markets in any other way than gambling dens. There is no investment. It is no different to putting your money on a horse and hoping that it comes in.
If you think that investing in pensions is any different to the 'Ponzi' scheme now exposed in America then dream on.
The demographic nuclear explosion will start to really kick-in over the next five years as the children born in 1944 now reach retirement. I am a 49er so will reach formal retirement age in 2014, by which time I expect the money all to be gone. There will be no jobs for the younger generation to pay taxes to pay for my pension, so where will my pension come from. Higher taxes, this will be a disaster. I am soon to be a serf, we have been on the road to serfdom for years.
We should not look at stock markets in any other way than gambling dens. There is no investment. It is no different to putting your money on a horse and hoping that it comes in.
If you think that investing in pensions is any different to the 'Ponzi' scheme now exposed in America then dream on.
The demographic nuclear explosion will start to really kick-in over the next five years as the children born in 1944 now reach retirement. I am a 49er so will reach formal retirement age in 2014, by which time I expect the money all to be gone. There will be no jobs for the younger generation to pay taxes to pay for my pension, so where will my pension come from. Higher taxes, this will be a disaster. I am soon to be a serf, we have been on the road to serfdom for years.
posted by Catch22 at 1:36 AM
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